Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New York Adopts NAIC Model Privacy Regulation
Nov 10 2000 // The New York Department of Insurance issued emergency regulation Thursday in light of the Nov. 13 effective date of the Gramm-Leach-Bliley Act, adopting the National Association of Insurance Commissioners’ Model...
S&P Affirms Lloyd’s A+ Rating Following Court Ruling
Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...
Federal Appellate Court Rules Again on Slab Damage Claim
Nov 6 2000 // In 1998, the Texas Supreme Court addressed the question of whether the standard Texas homeowners’ policy covered damage to a home’s foundation resulting from a plumbing leak. The court decided that the standard...
UNIFORM REGULATIONS SOUGHT
Nov 6 2000 // The Texas Senate Economic Development Committee has approved a staff recommendation for the uniform adoption of state regulations set forth in the Gramm-Leach-Bliley Act governing the modernization of financial services...
Joint Amicus Brief Supporting N.Y. No-fault Changes to be Filed
Oct 26 2000 // Changes in New York’s no-fault auto insurance regulation will help prevent fraud and lower costs, according to an amicus brief the National Association of Independent Insurers and the American Insurance Association...
Several States Extend Privacy Deadline
Oct 18 2000 // Several states across the country have joined together in extending the deadline for compliance with new federal privacy requirements from November 13, 2000 to July 1, 2001-consistent with the federal compliance...
LAW FOR GENOCIDE VICTIMS, HEIRS
Oct 16 2000 // Gov. Gray Davis signed legislation that will permit Armernian genocide victims and their heirs to file suits in California against insurers for unpaid policies purchased by people or companies in Europe or Asia between...
Governor Signs Quake Legislation, Associations Voice Disappointment
Oct 3 2000 // As crunch time approached for acting on legislation, SB 1899, considered one of several high-profile insurance measures of this year’s legislative session, received California Gov. Gray Davis’ signature. Both...
Delaware Court Rules In Favor of Insurers
Sep 28 2000 // The Supreme Court of Delaware has affirmed a lower court opinion in favor of 28 insurers who were sued in an insurance coverage action brought by Hercules Incorporated. In 1989, Hercules, an international aerospace...
New Calif. Law Seeks Resolution for Armenian Genocide Victims, Heirs
Sep 27 2000 // California Gov. Gray Davis recently signed legislation that will permit Armernian genocide victims and their heirs to file suits in California against insurers for unpaid policies purchased by people or companies in Europe...
NAIC Submits Legislative Proposal to Combat Insurance Fraud
Sep 27 2000 // The National Association of Insurance Commissioners has submitted proposed legislation to grant state insurance regulators access to the FBI’s National Crime Information Center database. The NAIC made the request in...
NAIC Adopts Model Consumer Privacy Regulation Initiative
Sep 27 2000 // The National Association of Insurance Commissioners has adopted standards for the regulation of Consumer Financial and Health Information in an effort to guide individual states in their efforts to comply with the consumer...
Kelso Issues Cease & Desist Order to Winters Group
Sep 18 2000 // A Cease & Desist Order, issued by acting California Insurance Commissioner J. Clark Kelso, was served Aug. 30 on the Winters, Calif.-based Puget’s Sound Agricultural Society Ltd. (aka: Jesus Christ...
Governor Davis Signs California Agent Licensing Bill
Sep 18 2000 // On Sept. 5, California Governor Gray Davis signed into law AB 393, the state’s new agent licensing law. Sponsored by Assemblymember Jack Scott (D-Altadena), AB 393 requires anyone transacting insurance to meet...
Four States Earn Second Round NAIC Accreditation
Sep 12 2000 // Four states were awarded second-round accreditation certificates today under the National Association of Insurance Commissioners’ Financial Regulation Standards and Accreditation Program. “We congratulate...
District of Columbia, Oklahoma, Tennessee Receive NAIC Awards
Sep 12 2000 // Three states were recognized for successfully implementing all 11 technology-based initiatives in the State Regulation 2000 (SR 2000) program. The District of Columbia Department of Insurance and Securities Regulation, the...
BROKER FEE REGS PASS OAL
Sep 4 2000 // On Aug. 25, the proposed broker fee regulations were approved by the Office of Administrative Law (OAL) and were filed with the Secretary of State. This means they are now regulations, with an effective date of Nov. 23,...
Judge Ito Sentences Ex-Attorney to 10 Years in State Prison
Aug 30 2000 // On Aug. 29, Former attorney Manny Lee Kreitenberg of Beverly Hills was sentenced to 10 years in state prison on one felony count of conspiracy to commit insurance fraud and 13 counts of insurance fraud. In addition,...
SAFECO, Montana Work to Resolve Privacy Issues
Aug 30 2000 // Montana State Auditor Mark O’Keefe and SAFECO Regional Vice-President Bill Norman are working together to resolve issues raised by a recent SAFECO mailing in response to the amendments to the Montana Insurance...
Irish Insurance Federation Speaks Out On Roads, Regulation
Aug 28 2000 // The booming Irish economy has given Ireland’s people huge benefits. The increase in productivity and investment has put lots of money in Irish pockets, and, as opportunities in Ireland become more attractive, its...
